Whole Foods’ Big Markdown
Whole Foods’ Big Markdown August 7th, 2008 BUSINESSWEEK - Stocks in the News August 6, 2008, 6:34PM EST Shares of the U.S. natural foods leader plunge after it posts a 31% profit drop, as economic troubles hit the organic grocery market by Ricky McRoskey early 20% in mid-day trading after it reported third-quarter profits of $33.9 million, a 31% decline from the previous year. The announcement held more bad news for investors: The company said it planned to reduce the number of new store op
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